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Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases

Schedule of right-of-use assets and lease liabilities


				September 30,			December 31,
(dollars in thousands)				2021			2020
Lease Right-of-Use Assets		Classification
Operating lease right-of-use assets		Operating lease right-of-use assets		$	3,821		$	6,918
Finance lease right-of-use assets		Land, premises and equipment, net			116			202
Total lease right-of-use assets				$	3,937		$	7,120
Lease Liabilities
Operating lease liabilities		Operating lease liabilities		$	4,428		$	7,861
Finance lease liabilities		Long-term debt			261			430
Total lease liabilities				$	4,689		$	8,291

Schedule of weighted average remaining lease term and average discount rate


		September 30,		December 31,
		2021		2020
Weighted-average remaining lease term, years
Operating leases		3.4		5.8
Finance leases		1.0		1.8
Weighted-average discount rate
Operating leases		2.6	%	2.9	%
Finance leases		7.8	%	7.8	%

Schedule of lease costs and other lease information


		Three months ended						Nine months ended
		September 30,						September 30,
(dollars in thousands)		2021			2020			2021			2020
Lease costs
Operating lease cost		$	429		$	634		$	1,417		$	1,825
Variable lease cost			192			223			583			888
Short-term lease cost			89			102			172			304
Finance lease cost
Interest on lease liabilities			7			10			22			33
Amortization of right-of-use assets			29			29			87			87
Sublease income			(51)			(57)			(163)			(175)
Net lease cost		$	695		$	941		$	2,118		$	2,962
Other information
Cash paid for amounts included in the measurement of lease liabilities operating cash flows from operating leases		$	411		$	628		$	1,372		$	1,807
Right-of-use assets obtained in exchange for new operating lease liabilities			—			—			—			1,531

Schedule of future minimum payments for finance leases

Future minimum payments for finance and operating leases with initial or remaining terms of one year or more as of September 30, 2021 were as follows:


		Finance			Operating
(dollars in thousands)		Leases			Leases
Twelve months ended
September 30, 2022		$	251		$	1,597
September 30, 2023			21			1,439
September 30, 2024			—			676
September 30, 2025			—			389
September 30, 2026			—			250
Thereafter			—			238
Total future minimum lease payments		$	272		$	4,589
Amounts representing interest			(11)			(161)
Total operating lease liabilities		$	261		$	4,428

Schedule of future minimum payments for operating leases


		Finance			Operating
(dollars in thousands)		Leases			Leases
Twelve months ended
September 30, 2022		$	251		$	1,597
September 30, 2023			21			1,439
September 30, 2024			—			676
September 30, 2025			—			389
September 30, 2026			—			250
Thereafter			—			238
Total future minimum lease payments		$	272		$	4,589
Amounts representing interest			(11)			(161)
Total operating lease liabilities		$	261		$	4,428